JAKARTA – The reference price for LPG of 3 kilograms (kg) for 2020 is set. This is stated in Decree No. 253.k / 12 / MEM / 2020 of the Ministry of Energy and Minerals.
The first wording of the Ministerial Decree states that the reference price for 3 kg LPG is determined on the basis of the price of the current market index for that month (3 kg cylinder for HIP LPG) and distribution costs (including handling) and margin.
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According to the Minister for Energy and Mineral Resources, Jakarta, on Sunday (17/1/2021), the following facts about changes in the delivery price of 3 kg of liquefied petroleum gas:
1. Depended on a decree of the Minister for Energy and Minerals
Minister of Energy and Mineral Resources Arifin Tasrif set a reference price for 3 kilograms (Kg) of liquefied petroleum gas in 2020. This definition is given in the Energy and Mineral Resources Decree No. 253. K / 12 / MEM / 2020 on the reference price for a liquefied petroleum gas cylinder 3. Kilogram.
2. Calculation of the 3 kg LPG reference price
The first dictionary states in the Ministerial Decree that the 3 kg LPG reference price is determined on the basis of the current market index price for that month (3 kg HIP LPG cylinder) and distribution costs (including handling) and margin.
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“The reference price for LPG in a 3 kg cylinder mentioned in the first word is determined by the formula 103.85% (one hundred and three points eighty-five percent) 3 kg HIP LPG cylinder + USD 50.11 / MT (fifty points eleven US dollars per tonne).) + Rp 1 879.00 / kg (one thousand eight hundred and seventy – nine rupees per kilogram) “, reads the second dictation.
3. The calculation formula can be evaluated
The reference price formula can be assessed at any time by looking at the realization of factors that affect the delivery and distribution of a 3 kg LPG bottle.
4. Use of 3 kg
The standard LPG cylinder price formula for a 3 kg cylinder referred to in the second dictionary is used as a basis for calculating the reference price for a 3 kg LPG bottle.